The US is experiencing sluggish growth, high and persistent unemployment, and a trade deficit that has widened again this year. The country’s mood is bleak. As you may have noticed, elections are approaching. Amid all the talk of a “currency war” between the US and China, the greatest surprise may be that talk, so far, is all we have had.
© The Financial Times Ltd 2014 FT and 'Financial Times' are trademarks of The Financial Times Ltd.